Factors Influencing Beef Cattle Farmers Use Of Risk Management Instruments In The State Of São Paulo, Brazil [fatores Determinantes Do Uso De Instrumentos De Gestão De Risco De Preço Por Pecuaristas De Corte Do Estado De São Paulo]

The beef cattle price volatility is one of the main risks of this activity. To manage this risk, forward and futures contracts can be used by beef cattle farmers. However, the use of these contracts is quite restricted. The reasons are based on the characteristics of farmers and his business. In this context, this study aimed to identify the determinants factors of adoption of risk management mechanisms by beef cattle farmers in the State of São Paulo, Brazil. A logit model was used to analyze data from a sample of 86 beef cattle farmers. The results showed that the factors that significantly affected the adoption of the risk management tools were farm income, technological intensity and business leverage.432370376Asplund, N.M., Farmers' use of forward contracting and hedging (1989) Review of Futures Markets, 8, pp. 24-37Börzel, T., ¿Qué tienen de especial los policy networks? (1997) Explorando el concepto y su utilidad para el estudio de la gobernación europea, , http://revista-redes.rediris.es/webredes/textos/policynet.doc, Disponível em: Acesso em: 12 mar. 2012Carrer, M.J., (2012) Determinantes da demanda e da utilização de crédito rural por produtores de bovinos de corte no Estado de São Paulo, p. 135. , Dissertação (Mestrado em Engenharia de Produção)-Programa de Pós-graduação em Engenharia de Produção, Universidade Federal de São Carlos, SP(2005) Sistemas de produção de gado de corte no Brasil: Uma descrição com ênfase no regime alimentar e no abate, p. 40. , http://www.cnpgc.embrapa.br/publicacoes/doc/doc_pdf/doc151.pdf, EMPRESA BRASILEIRA DE PESQUISA AGROPECUÁRIA-EMBRAPA. Documentos/EMBRAPA Gado de Corte. Disponível em. Acesso em: 05 dez. 2011Goodwin, B.K., Schroeder, T.C., Human capital, producer education programs, and the adoption of forward-pricing methods (1994) American Journal of Agricultural Economics, 76 (4), pp. 936-947Makus, L.D., Factors influencing farm level use of futures and options in commodity marketing (1990) Agribusiness, 6 (6), pp. 621-631Marques, R.H.S., Aguiar, D.R.D., Determinantes do uso de mercados futuros pelos produtores de soja do município de Cascavel, PR (2004) Revista de Economia e Agronegócio, 2 (2), pp. 209-233Pennings, J.M.E., Leuthold, R.M., The role of farmer's behavioral attitudes and heterogeneity in futures contracts usage (2000) American Journal of Agricultural Economics, 82 (4), pp. 908-919Shapiro, B.I., Brorsen, B.W., Factors affecting farmers' hedging decisions (1988) North Central Journal of Agricultural Economics, 10, pp. 145-153Silveira, R.L.F., An analysis of price risk management by the producers of Arabica Coffee in Brazil (2011) INTERNATIONAL AGRIBUSINESS PAA-PENSA CONFERENCE, , In: 8., 2011, Buenos Aires, Argentina. Anais. Buenos Aires: International Agribusiness PAA-PENSA Conference, 4. (CD-ROM)Souza Filho, H.M., Análise da competitividade da cadeia produtiva da carne bovina do Estado de São Paulo (2010) Informações Econômicas, 40 (3), pp. 16-28Turvey, C.G., Baker, T.G., A farm level financial analysis of farmers' use of futures and options under alternative farm programs (1990) American Journal of Agricultural Economics, 72, pp. 946-957Velandia, M., Factors affecting farmers' utilization of agricultural risk management tools: The case of crop insurance, forward contracting, and spreading sales (2009) Journal of Agricultural and Applied Economics, 41 (1), pp. 107-12